Living in Turkey means savoring stunning scenery, surrounded by the stunning sea, eating delicious food, and being greeted with warm neighbors. Turkish people lead a lively and rich lifestyle as contrasted to those of many other nations.
In addition, Turkey is a country of great geostrategic significance due to its location on the cross borders of Europe in addition to Asia.
With all these benefits and benefits, who wouldn’t want be a part of an Eurasian country? Not to mention, with new citizenship programs that are up to date, entering Turkey is no longer an obstacle. Most importantly, the opportunities for business an expat can avail here are simply amazing, while investing into Turkey can be profitable.
Turkey citizenship by investment program rose to fame after the residency programs run by Spain, Portugal and Greece enjoyed huge success. Additionally, the main reason why foreigners seek an Turkey investing visa that Turkey is that it gives them access for access to European as well as Asian markets.
So, this was just an overview on the subject. Are you aware of the advantages of obtaining Turkish citizenship? In addition, are you eligible to apply for the Turkey visa for investment? If not, what else can you do to fulfill the requisites of the criteria?
Explore Turkey Golden Visa
Minimum Investment Amount: EUR400,000
Processing Time: Three to four months
The Benefits is the free movement benefit in Turkey and
many countries in the region
Short Summary of Citizenship through Investment in Turkey
Turkey’s citizenship by investment was announced in 2016. Then, in January 2017 the Turkish government announced the plan to encourage foreign direct investment as well as improve the real estate industry. With this program, investors are free to decide what methods they wish to use to help the Turkish economy.
In the first year that Turkey’s citizenship-by-investment program was launched in 2004, the government estimated the price of entry as at minimum $1 million. This did not attracted many investors. When they realized that the amount that was set was a bit excessive, the Turkish government dropped the investment needed to $250,000 in mid-2019.
The country now earns an average of $250 million every month from foreign investors only. However, as the number of foreigners who are seeking to apply for Turkish citizenship is growing, the minimum cost was increased by $250,000 up to $400,000.
The benefits of Turkish Citizenship by Investment
Perhaps you’re not aware that there are numerous advantages of Turkish citizenship through the investment program. The most interesting benefits are enlisted below.
Living, working, and learning in Turkey in a free manner
An easy and quick path towards citizenship
Easy Schengen visa
Access to E2 Visa
Visa Free Travel
Live, Work, and even study in Turkey
The Turkish passport gives you and your family the ability to work, live and take classes in Turkey. For instance, you may generate income through the sale of your real estate or rent the property out. In addition, if planning to move to Turkey with your family, you can take the burden off of the education of your children. Since the visa can be granted to the entire family that means you and your children can access the education system and the Turkish standard of living.
Quick Path to Citizenship
Turkey citizenship by investment is the quickest route to obtaining Turkish citizenship. After you invest $400,000 in real estate, you’re entitled to get your Turkish passport within less than 4 months after making the application.
The applicants to apply for Turkey investment citizenship are able to bring their spouse, children (dependent under 18), and dependable parents along with them. Furthermore, all applicants are able to use free health facilities like those of the local Turkish population.
Easy Schengen Visa
Turkey citizenship holders can easily apply for the Schengen visa with no hassle, as long as they can provide sufficient documents. Additionally, there are many other countries that have bilateral agreements with Turkey that permit visa-free travel. This includes Hong Kong, Singapore, Japan, Mexico, South Korea and almost all Latin America.
E2 in the US
Citizenship in Turkey is an excellent option for those who cannot apply for an E2 Visa through their original citizenship, which includes India and China (mainland). E2 Visa application is open to residents of countries who have treaties for trade to the US. Turkey residents are eligible, and you can easily apply for an E-2 investor visa by utilizing your Turkish citizenship.
No Residency or Language Requirements
There isn’t any set date for when a person is eligible to reside in Turkey prior to or following the citizenship by investment in Turkey route is completed. Furthermore, you’re eligible for travel even though you don’t know Turks speaking the Turkish language.
Dual Citizenship Rights
Turkey has dual citizenship that means that you don’t have to give up on your nationality to acquire the Turkish passport. This is a major benefit for many investors who have commitments to their home country.
Unlike some other citizenship-by-investment programs, Turkey doesn’t require a donation in exchange for a passport. Instead, it provides a variety of ways to invest that look promising.
Visa Free Travel
When you receive you have a Turkish passport, you can travel to nearly 110 countries without the need for a visa, visa on arrival, as well as an Electronic Travel Authorization.
Unlike some other citizenship-by-investment programs, Turkey doesn’t require a donation in exchange for a passport. Instead, it offers a variety of investment routes that are very promising.
Turkish citizenship is a requirement for Indians
For Indian investors looking to expand their business prospects The citizenship by investment program is becoming more popular. Because of the easy environment the immigration process from Turkey via India is becoming increasingly popular with Indian business professionals.
Turkish citizenship is a good alternative for Indian investors since Turkey is an active member of NATO along with the UN The United Nations, the World Bank, and the IMF.
Migration to Turkey from Pakistan
For many foreigners the idea of living and working to Turkey is the reality of their dreams due to its pleasant climate, cultural diversity, delicious cuisine and stunning natural surroundings and a rich history. Because of these advantages and the close relations between both countries, Pakistani migration to Turkey has also gained a lot of attention.
The immigration based on investment of Pakistan towards Turkey is the most well-known choice. With the numerous benefits of Turkey to Pakistani families, such as its top-notch free educational institutions and the reliable health system Turkish citizenship for Pakistanis based on investment is highly sought-after.
Eligibility to Turkey Citizenship through Investment
In order to qualify to be eligible for Turkey citizenship by investment The main applicant
Must be at minimum 18 years old
You must not have ever stayed illegally in Turkey
Taxes and other costs associated with the procedure
Required Documents required to obtain Turkish Golden Visa
Birth certificates of all applicants
Passports of all applicants
Residence Documentation (Recent Utility Statement)
Photocopies of biometric passports in color of every applicant
Certificate of marriage (optional)
Death or divorce certificate of spouse (optional)
Evidence that all applicants have an unblemished criminal record
Evidence of Health Insurance (valid in Turkey)
A proof of an investment of $400,000 in an account in a Turkish Bank account a lawyer’s client account
Turkish Tax ID No. (necessary)
Note: You are able to add your spouse, dependent children below 18 years of age, and any child with disabilities.
Turkey Citizenship through Investment Routes
To be eligible for citizenship through investment in Turkey, there are certain investment options, including:
Real estate acquisition
For investment, there are three ways for foreigners to get the Turkish passport via investing.
1. Real Estate
There are numerous opportunities for investing in real property. One must invest $400,000 in real property in Turkey in whichever type of property you would like to buy. You can purchase an apartment, villa or even land.
In addition, there is no requirement to obtain a pre-approval before purchasing a property since the property is usually not overvalued.
Note: You can also purchase multiple properties, whose total amount is at least $400,000. However they must be situated in the same location.
Do not forget to register your properties the same day you purchase them. The purchaser must keep the property for a minimum of three years.
Notice: Property prices in the most expensive areas range from $5,500 to $5,500 per square Meter.
2. Job Creation
Another option to gain Turkish nationality through investment is by creating jobs for at least 50 Turkish people. So, start your own company and outsource some tasks to gain citizenship. Since establishing and running a country is not without cost and a lot of work, it is advisable to seek out legal advice.
If you’re looking to explore Turkey’s business world make use of locals and start a legitimate international business.
3. Capital Transfer
Foreign investors who are neither interested in investing in real estate, nor navigate the business world can invest in capital. The minimum capital investment amount required for Turkey citizenship investments is determined at $500,000.
So, what is to do with this money?
You can deposit it into an Turkish bank
Contribute to the government bond
Invest in the fund shares.
Make sure to retain your investment for a period of three years.
One major benefit of Turkey citizenship through Capital transfer is that it means that you don’t need to deposit the amount into Turkish money, Lira. In actual fact, it’s recommended that you invest in an exchange rate that is stable, such as the Euro.
Note When you are an international investor it is important to note that the investment that will be the most effective is the investment on real estate. It’s not just because it requires less capital however, its value is predicted to increase in the coming years. Furthermore, you are able to rent or sell it.
Turkish Golden Visa: Residency Requirements
The good news is that there are no residency requirements for Turkey citizenship through investment programs.
You can apply online and then travel to Turkey to inspect the properties or whatever option you’ve picked for investment.
Certificate of Eligibility for Turkey Golden Visa
Depending on the type of investment you make depending on the type of investment you make, you need to apply to one of these organisations to obtain an Eligibility Certificate for investments in Turkey:
Turkish Land Registry and Cadaster of the Ministry of Environment and Urbanization – Real estate route
Incentive Application and Foreign Capital of the Turkish Ministry of Industry and Technology – Capital Investment Route
Department of Financial Consumer Relations of the Banking Regulation and Supervision Agency The Department of Financial Consumer Relations is part of the Banking Regulation and Supervision Agency. a Turkish bank account
Turkish Ministry of Treasury and Finance – – investment in government bonds
Department of the Brokerage Activities of the Capital Markets Board of Turkey Real estate investment fund share or venture capital investment fund share
General Directorate of International Labor of the Ministry of Family, Labor and Social Services – Business setup
Turkey Citizenship Scheme Application Timeline
I hope that the readers have been convinced to obtain an Turkish passport. Now it’s time to understand the procedure to follow for applying.
Once you’ve chosen the way you’d like to invest your money in Turkey then you’ll be required to fill out the residency permit application. The whole process usually takes about three to four months. The good thing is that it doesn’t have to be physically present within the country to take part in an interview or for document purposes.
Now comes the part that is a little painstaking. There is a requirement to complete a large amount of documentation! Notary certificates, official translation (if required) and so on. ; the process will surely consume a significant amount in time.
Therefore, it’s best if you employ a professional who is certified to escalate the process.
Furthermore, the procedure is remarkably similar regardless of regardless of whether you decide to take the employment creation, property, or capital investment route. The steps are as follows.
Step-by-Step Guide for Real Estate Route
Step 1: Talk to The Get Golden Visa Team and obtain new Turkish Tax ID numbers.
If you don’t have a tax identification number the legal system will not allow you to proceed further in the purchase of a home. Once you’ve got the tax ID, you can open an account at a bank within the country. Our expert team will guide you through the procedure.
Step 2: Do some research and determine the property that you would like to purchase.
This is where you’ll start all the formalities.
Step 3: Collect documents
For investment into real estate you will need to be issued a proof of eligibility. This is issued only when you have been approved for Turkey citizenship through the investment program. For this, you will need to apply to the General Directorate of Land Registry and Cadaster of the Ministry of Environment and Urbanization.
Step 4: Apply for your residence permits
One must be a resident of the country legally before applying for the visa. So, you must obtain your residence permit immediately after you’ve completed the necessary investment to obtain a Turkish passport. The visa will be issued the very same day you file the application. This is why it is the fastest residence process throughout the globe.
Five Steps: Send your form
Lastly, after all the paperwork has been done in accordance with the recommendations of the expert hired by you and you are now at the last stage of submitting your paperwork (all necessary documents and application forms) at the Provincial Directorate of Census and Citizenship.
The entire process are easily completed within 24 hours! First of all, you don’t have to travel to the country to do this. Secondly, even if you are available in Turkey and you are able to complete your paperwork during the day, then drop off the paperwork, and get back to home with the title deed.
It’s time to celebrate: You’ll receive your passports within the next three-four months of applying!
Our team of experts will help you navigate your Turkey citizenship by investment process.
Low Due Diligence
The Turkish real estate due diligence is full report with all the details regarding the legal status of the property. It lets you know if it is involved in any lawsuits or financial obligations and can be bought with confidence.
If you’re buying a property in Turkey the realtor will visit the Land Registry to verify and examine the registration number. Also, any information regarding leasing as well as other obligations on the property will be verified.
Moreover the real estate firm will perform due diligence to verify whether the property’s plan is permitted by the local municipality. The specialist will also examine the construction permits issued by local authorities.
The tax consequences of citizenship in Turkey
Turkey doesn’t charge any taxes on income you receiving from overseas. Besides, you are not liable to pay taxes in Turkey if you do not stay more than six months. However, you are required to pay a tax on your income that is earned in Turkey.
If, for instance, you are renting out your home and you have to pay taxes. Taxes on property are paid in two installments per year.
The tax rate for the year is 0.2 percent for houses and apartments. houses that are located in a metropolitan area like Istanbul.
If your property is home worth 1,500,000TL, the owner is required to pay 3000TL in total per year. The first installment is due in May, followed by the second installment in November.
In addition, if selling a home it is required to pay the accumulated tax of all the previous years before changing the deed transfer.
Tax on personal income is taxed at a maximum of 35% on earnings that exceed 110,000 TL.
If you’re looking to obtain citizenship from Turkey it’s a good idea to consult an Turkish tax specialist to know more about the tax structure.
Buying Property in Turkey
Turkey is not only one of the most sought-after countries to obtain second citizenship, but also has a highly appealing real estate market with high returns. There are a variety of choices in terms of luxury and budget-friendly, new construction off-plan, renovated, and renovated apartments and villas as well as resales homes in Turkey is one of the major factors that fuel foreigners’ interest in purchasing real estate there.
Property Prices in Turkey
Turkish real estate can be an investment with potential for profit. In Istanbul the worth of real estate can double every five to ten years. House prices in the country typically increase by 5 to 20 percent each year.
Based on September 2022 data:
The price of houses for sale in Istanbul is $130,000
The average price for houses for sale in Ankara is $78,000.
The average cost for homes for residential use located in Antalya is $113,000
Our independent real estate advisors at Get Golden Visa can help you locate the ideal property depending on your needs and hold your hand through the process of finding the best property and citizenship application.
Dual Citizenship Turkey
Turkey permits dual and multiple citizenship, and no nationality is officially prohibited.
Investors seeking Turkey citizenship through investing do not need to abdicate their citizenship of the home country and obtain Turkish citizenship. This gives a significant advantage for those who want to remain and work in their home country.
However, foreign citizens will be exempted from certain Turkish services like military service that is mandatory.
Be aware that before you apply for Turkish citizenship, be sure your country of citizenship does not restrict you from acquiring Turkish citizenship.
Turkish Passport Visa Free Countries
Turkey citizens enjoy lots of advantages including the ability to travel to many countries without visa or visa-on-arrival. Citizens with the Turkish passport can access almost 110 countries across the globe. Some of these countries include Qatar, Singapore, Tunisia, Jordan, Iraq, Japan, South Korea, Malaysia, Hong Kong, Indonesia, Belarus, Bosnia Chile, Colombia, Ecuador, El Salvador, Georgia, Paraguay, Serbia, South Africa, Thailand, Northern Cyprus, Ukraine, Uruguay, Morocco, Brazil, Argentina, Kuwait, Bahrain, Lebanon and most of the African countries.
With the Turkish passport, you’re eligible to enter 72 countries with no visa requirement or 35 countries with the visa you acquire when you arrive, and three countries with Electronic Travel Authorization (eTA) which you can get on the internet.
There are three options to get into countries in which Turkish passports are not required to obtain a visa. The options are listed below.
Visa-free entry: There is no requirement for any visa.
Visa on arrival: You are issued an entry visa at the time you arrive in the country rather than having to apply for one in advance. Only travelers are eligible for this type of visa.
eTA: Between three and five days prior to your departure, you have the option of paying a fee in order to get an electronic visa online.
Another Way to obtain Turkish Citizenship
Other than obtaining Turkey citizenship through investments There are many other ways for becoming a citizen like:
In marriage: If you’re married to an Turkey citizenship, you might be eligible for citizenship within three years
Birthright In the event that either of your parents are Turkish and you’re born in Turkey, you could be eligible for Turkish citizenship, as well
Through employment By employment: If you’ve worked with the government for at minimum five consecutive years under the terms of a contract, you could be considered for citizenship
Through naturalization: After you’ve lived in the country for five years, you are eligible for Turkey nationality
Particularly if you have achieved outstanding results in sports, science or culture, you can be given Turkish citizenship
Solutions to Turkey Citizenship through Investment
In addition to the Turkey citizenship through investment, many other European nations have launched their respective citizenship programs. In fact, they are drawing a significant number of investors. These countries have benefited more than ever before and foreign citizens enjoy an world-class lifestyle.
Commonly Asked Questions Concerning Turkish Passports by Investment
How much do I need to invest to get Turkish citizenship?
The minimum amount of investment required to be eligible for the Turkish passport through investment is $400,000. This is the amount that you can invest from real estate investments. Until 2022, this amount was $250,000.
For other investment routes The amounts start at $500,000. Once you make the necessary investment, you may expect to obtain your citizenship within three to four months.
Can I obtain Turkish citizenship by buying a home?
Yes, you are able to become a Turkish citizen by buying a house. It’s actually one of the top options under the Turkey citizenship by investment scheme. The requirement is that the value of the property be at least $400,00. Additionally, you’ll have to be able to obtain a valid certificate from the appropriate authorities.
Does Turkey sell citizenship?
Turkey provides citizenship in exchange for investment, just as the majority of Golden Visa Countries do. So this can be considered citizenship through investing. Investors that are eligible may choose their preferred investment strategy and begin the process. Turkey investor citizenship procedures can be completed in less than six months.
Do you think obtaining Turkish citizenship easy?
If done correctly, getting Turkey investor citizenship is simple. The process is quick and simple. If you’ve got the proper documents and have made the necessary investment, you can expect to become a citizen in three to four months. Getting professional help will help you through the process.
Is it possible for a foreigner to become a Turkish citizen?
Foreign citizens are able to become Turkish citizens. Turkey permits dual citizenship, but you’ll have to verify with your home country to find out if they permit dual citizenship. Citizenship can be acquired through Turkey the investor citizenship scheme or naturalization.
Are the passports of the Turkish passport secure?
Turkish passports are regarded as sturdy because it provides visa-free access to around 110 countries. With a Turkish passport, you can visit many Asian nations without having to obtain a visa. The countries that are eligible include Thailand, South Korea, Japan as well as the Philippines. Furthermore, many south American countries, like Argentina as well as Venezuela will accept Turkish passport holders with no visa.
Are there any Turkey residency through investment scheme?
Turkey does not have a separate residency through investment program. You can directly apply to the citizenship program to obtain your citizenship in Turkey, that automatically converts into residency.
Do I need to be fluent in Turkish when I obtain citizenship through investment?
It’s not true. Unlike many other programs, no prior knowledge of Turkish is required to get citizenship by investing.
What are the conditions for staying?
There isn’t a requirement to stay so you can travel out of the country and then return with no restrictions.
Can I include my family in my application?
Yes, you can. Your spouse and children who are under 18 may be included as your dependents.
Can I sell my house in the future?
You’ll have to maintain the house for a minimum of three years. Once this time has passed and you’re ready to sell your house in Turkey.
Prime Property Turkey
Merkez, DAP Vadi, S-Blok, Ofis No:108-109, 34406 Kâğıthane/İstanbul, Turkey
+90 531 553 54 84